Unicorn, Oswestry
West Midlands
Unicorn Road, Oswestry SY11 2DQ, UK
The Unicorn is a detached property situated in a residential area of Oswestry. The town centre and other shops and amenities including the leisure centre are all within walking distance. Oswestry is the largest market town in Shropshire and lies close to the Welsh border.
Pub Layout
This pub benefits from having two entrances allowing separate access to the two trading rooms. The main bar area has recently undergone refurbishment with fresh and bright décor and new flooring. The prominent bar services both the main bar area and the lounge area. The main bar consists of seating for on approximately 40 people and is home to a pool table and tv screens. The lounge area is balanced with loose and mixed seating and has a more traditional feel. The ladies and gents toilets are located between the bar and lounge. There is no catering kitchen but there is a small prep area for a back bar offer which can be utilised for pies and pizza. Externally there is a smoking solution which is accessed via the lounge and leads onto the car park which can hold approximately 15 cars. There is an enclosed area which is a fabulous sun trap in the summer months with ten large benches.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
The Unicorn is a great example of a community pub, it is well supported all year round with numerous sports teams including darts and pool, which play home matches at the pub as well as welcoming teams from other establishments. Regular weekend entertainment such as karaoke and singers have previously been very popular along with mid week quiz nights and bingo. Trade is made up purely of drinks sales and the bar is well stocked with a vast range of value products. At present, there is no cask ale however this would be a welcome addition to drive additional income into the business. There is an opportunity to develop the lounge trade by tapping into community groups and hosting functions.
Private Accommodation
The private accommodation consists of three bedrooms, sitting room, kitchen and bathroom all in good order.
Annual Rent: £13,500
Security Deposit: £3,000
Working Capital: £2,000
Stock: £2,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 7000
Annual Cost: 13500
This is a great example of a community focused pub and would welcome a local person who is familiar with running a similar style pub. A strong marketing plan is essential for ensuring the pub is busy seven days a week whilst continuing to work with local sporting teams.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.